PNC Solution Loan®

For Health Professions Residency


Apply Now[1]

Receive a preliminary decision within minutes.

Have Questions?

Speak to a student lending representative

Variable rates starting at

5.15% APR

and ranging up to 11.30% APR[4]
Rates displayed include a .50% discount for automatic payments [2]

Fixed rates starting at

5.61% APR

and ranging up to 11.79% APR[4]
Rates displayed include a .50% discount for automatic payments [2]

Key Advantages
Flexibility with Your Rate Structure

Choose your interest rate option:

variable or fixed rate


Save Money

No application or origination fees. Also, get 0.50% off your rate with automated payments from your checking or savings account.[2]

Co-signer Release

A co-signer release option is available after 48 consecutive on-time monthly payments.[3]

What You Need to Apply

Before you start your application

You (and your co-signer, if applicable) will need to provide personal information like:

  • Social Security number, driver's license (or State ID), date of birth.
  • Home phone number, home address and the number of years you lived there.

You'll also need specifics around the school you want to attend:

  • School's name and your intended major. 
  • Academic term(s) that the loan will cover (full year, one semester, etc.) as well as expected graduation date.

All set? Apply today

More information you'll need

You'll also need employment information for you (and the co-signer, if applicable)

  • Name of employer, address, length of employment and phone number.
  • Income (if applicable) and any additional sources of income.
  • Email for your co-signer (if applicable).
  • Verification of Enrollment - A letter from the eligible school, a bill, class schedule or letter of acceptance.

Download our step-by-step application guide 

Questions? Call 1-800-762-1001

We are dedicated to helping you advance your education.

The PNC Solution Loan for Health Professions Residency is a private student loan offering a convenient way to pay for expenses related to your medical residency program including interview, relocation and living expenses.

Who It's For: MD, DDS, DO and DVM residents

If you are unfamiliar with terminology you encounter while reviewing information about our higher education private student loans, we've created a glossary of terms to assist you.
View Glossary of Terms »

Features & Benefits

With a PNC Solution Loan, you can:

  • Receive a preliminary decision within minutes of applying online
  • Apply up to a year before your residency begins
  • Choose your interest rate option: variable or fixed rate
  • Borrow up to $15,000

Health Professions Residency Loan Product Details

  • Variable rate loan interest rates range from 5.30% to 11.30% (APRs from 5.15% to 11.30%)[4] and include a 0.50% interest rate discount for automatic payments.
  • Fixed rate loan interest rates range from 5.79% to 11.79% (APRs from 5.61% to 11.79%)[4] and include a 0.50% interest rate discount for automatic payments.
  • Funds are sent directly to you
  • Outstanding debt will be forgiven upon the death of the borrower
  • View loan application and solicitation disclosure

Ways to Save

  • No application or origination fees
  • Get 0.50% off your rate with automated payments from your checking or savings account[2]
  • Interest may be tax deductible; consult your tax advisor

Flexible Repayment

  • Take up to 15 years to repay[4]
  • A co-signer release option is available after 48 consecutive on-time monthly payments[3]
  • Payments can be deferred during your residency (up to 4 years) and six months after your residency ends, or you can choose to begin repayment immediately to save on interest expense[5]
  • If you choose to defer payments, repayment begins six months after you graduate[5]
  • One-time capitalization of interest at repayment

Deferment and Repayment

You may choose from immediate repayment, interest-only payments or full deferral while enrolled. Full principal and interest payments begin 180 days after you cease to be enrolled in a medical residency or internship. Interest will continue to accrue through any deferment and is capitalized at repayment[5].

Eligibility and Requirements


Student must:

  • Be participating in a PNC-approved MD, DDS, DO or DVM residency program, or planning to participate in a residency program within a year

Student and co-signer, if any, must:

  • Be U.S. citizens or permanent residents
  • Have lived in the U.S. for the previous two years



Student and co-signer, if any, must:

  • Have satisfactory credit and proof of employment and income history
  • Have been in business for at least two years if self-employed
  • Meet debt-to-income requirements

Applying With a Co-signer?

Applying with a creditworthy co-signer may increase chances of approval.

Create Strategy for College Funding and Repayment

Important Legal Disclosures and Information

  1. When you are applying for a PNC Solution Loan® or PNC Education Refinance Loan, you will be transferred to the website of one of our service providers. A list of information required to successfully complete your application will be provided during the application process. Borrowers and co-signers will need personal and income information including a driver’s license or state ID. All PNC Solution Loan borrowers will need their financial aid award letter.

  2. Automatic Payment Discount: During repayment, an interest rate discount of 0.50% is available for automatic payments. Borrower must be making scheduled payments that include both principal and interest. Interest only payments do not qualify for the 0.50% interest rate discount. Automatic payment can be established through the loan servicer American Education Services (AES).  Advertised rates include the 0.50% automatic payment interest rate discount.  The rate discount will be applied at the time automatic payment is established. If automatic payment is not established, the available rates will be 0.50% higher than the advertised rates. If automatic payment is established and discontinued at any time during repayment, the borrower will no longer receive an automatic payment discount and the rate will increase by 0.50%. Discount may also be suspended during periods of forbearance or deferment. Payments may be made from a checking or savings account. A federal regulation limits the number of transfers that may be made from a savings or money market account. Please contact your financial institution for more information on transfer limitations on savings accounts.

  3. A request to release a co-signer requires that, as of the date of the request, you have made at least forty-eight (48) consecutive timely payments of principal and interest with no periods of forbearance or deferment within the forty-eight (48) month timeframe. “Timely payment” means each payment is made no later than the 15th day after the scheduled due date of the payment. “Consecutive payment” means the regularly scheduled monthly payment must be made for the most recent forty-eight (48) months straight without any interruption. To qualify for a co-signer release, the borrower must submit a request, meet the consecutive, timely payment requirements, provide proof of income and pass a credit check.

  4. View important disclosure and repayment information for the PNC Solution Loan for Health Professions Residency. Residency loan range: $1,000 to $15,000. Maximum aggregate educational debt (including both federal and private student loans): $225,000. Applicants may call the PNC Student Loan Center to confirm school eligibility.

  5. Interest will continue to accrue during periods of deferment. You will receive quarterly interest statements during this deferment period. Paying the interest as it accrues each quarter will save you money over the repayment term of the loan because any accrued interest that you do not pay will be added to the principal balance at the end of the deferment period.


PNC reserves the right to discontinue any or all terms of this program at any time without notice. Loans may be sold to other financial organizations; however, the interest rate and term of the loan will not change if a loan is sold. PNC Solution Loans are subject to credit approval.

You are encouraged to explore all scholarship, grant and federal borrowing options before applying for a private loan.

PNC Solution Loan is a registered mark of The PNC Financial Services Group, Inc.

PNC does not provide accounting, tax or legal advice. Any calculators provided are intended for educational and estimation purposes only, and their accuracy is not guaranteed. The calculators, and any results displayed, do not constitute the advice of, or reflect actual products, services, rates and/or terms available from PNC Bank or its affiliates, and nothing contained in the calculators shall constitute an offer or solicitation of a product or service by PNC Bank or its affiliates.